Companies · Biotechnology

Light Sciences Oncology Inc

BELLEVUE · Biotechnology

Diligence memoA one-page analyst read on Light Sciences Oncology Inc — recommendation, valuation, rhythm, risks.
$45.0M
Total raised · real
5
Rounds
5.8×
Latest step-up
Top 21%
Sector rank · raised
Series B
Latest stage · inferred · Thu Jan 03 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Light Sciences Oncology Inc looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the biotech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.13× the median modeled value of Series B Biotechnology companies in 2019–2021 (118 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.5 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Biotechnology

Light Sciences Oncology Inc is one of 4291 Biotechnology companies tracked from BELLEVUE. By capital raised it ranks in the upper tier (ahead of 80% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

pharma

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
6
Investors (latest)
2019-01-03
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$500M$1.0B$1.5B$2.0BSeries B · 2009-10-22 Raised $35M (real) Modeled valuation $1.4B (est)$35M$1.4BSeries B2009Series B · 2011-06-06 Raised $6.3M (real) Modeled valuation $248M (est)$6.3M$248MSeries B2011Series B · 2012-01-10 Raised $1.3M (real) Modeled valuation $50M (est)$1.3M$50MSeries B2012Series B · 2013-12-18 Raised $350K (real) Modeled valuation $14M (est)$350K$14MSeries B2013Series B · 2019-01-03 Raised $2.0M (real) Modeled valuation $80M (est)$2.0M$80MSeries B2019+$6.3M+$1.3M+$350K+$2.0MCumulative $45M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$35.1M · 2009
Series B extension$6.3M · 2011
Series B extension$1.3M · 2012
Series B extension$350K · 2013
Series B extension$2.0M · 2019

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$80.4M
Base estimate est.
$4.0M
Conservative case
$309.3M
Upside case
$11.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Series B · modeled $1.4B · 2009-10-222009Series B · modeled $248.3M · 2011-06-06Series B · modeled $49.8M · 2012-01-10Series B · modeled $13.9M · 2013-12-18Series B · modeled $80.4M · 2019-01-032019
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
36% low · 66% high
1.54×/yr
Annual markup
1.86×/yr upside case
6.0 yr
Elapsed time used
7.5 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
28 mo
Avg between rounds
$4.9M/yr
Capital velocity
16.7 yr
On record since
2009
First round
5
Rounds on file
How it compares to the market

Benchmarked against 4291 companies in Biotechnology. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 6.2× above median
This company$45.0M
Sector median$7.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.1× of median
This company$2.0M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 1.3× above median
This company$80.4M
Sector median$64.2M

Raised more than 80% of sector peers (real $). Modeled value above 54% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #112 of 118.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Pandion Therapeutics Holdco LLC · Series B Raised $40.0M · modeled $1.6B (est)Ocular Therapeutix, Inc · Series B Raised $81.0M · modeled $1.5B (est)Insilico Medicine Cayman TopCo · Series B Raised $36.8M · modeled $1.5B (est)Purigen Biosystems, Inc. · Series B Raised $61.9M · modeled $1.4B (est)Lucira Health, Inc. · Series B Raised $32.5M · modeled $1.3B (est)Peptilogics, Inc. · Series B Raised $40.9M · modeled $1.2B (est)Nanotech Energy, Inc. · Series B Raised $31.6M · modeled $1.1B (est)Windtree Therapeutics Inc /De/ · Series B Raised $104.5M · modeled $1.0B (est)Liminal BioSciences Inc. · Series B Raised $67.1M · modeled $1.0B (est)Palladio Biosciences, Inc. · Series B Raised $28.0M · modeled $1.0B (est)Faze Medicines, Inc. · Series B Raised $30.4M · modeled $998.4M (est)Inivata Ltd · Series B Raised $25.0M · modeled $992.2M (est)Light Sciences Oncology Inc (this company) Raised $45.0M · modeled $80.4M (est)Light Sciences Oncology Inc
CompanyStageRaised · realValue · estvs peer med.
Pandion Therapeutics Holdco LLCSeries B$40.0M$1.6B2.58×
Ocular Therapeutix, IncSeries B$81.0M$1.5B2.42×
Insilico Medicine Cayman TopCoSeries B$36.8M$1.5B2.37×
Purigen Biosystems, Inc.Series B$61.9M$1.4B2.22×
Lucira Health, Inc.Series B$32.5M$1.3B2.10×
Peptilogics, Inc.Series B$40.9M$1.2B1.90×
Nanotech Energy, Inc.Series B$31.6M$1.1B1.82×
Windtree Therapeutics Inc /De/Series B$104.5M$1.0B1.71×
Liminal BioSciences Inc.Series B$67.1M$1.0B1.67×
Palladio Biosciences, Inc.Series B$28.0M$1.0B1.63×
Faze Medicines, Inc.Series B$30.4M$998.4M1.62×
Inivata LtdSeries B$25.0M$992.2M1.61×
Light Sciences Oncology Inc this companySeries B$45.0M$80.4M0.13×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$35.1M2009-10-22$195.0M$1.4B85%
Series B$6.3M2011-06-06$34.8M$248.3M85%
Series B$1.3M2012-01-10$7.0M$49.8M85%
Series B$350K2013-12-18$1.9M$13.9M85%
Series B$2.0M2019-01-03$11.3M$80.4M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$35.1M2009-10-22
    • First recorded raise — entered as Series B.
    • 17 investors on this round.
  2. Series B$6.3M2011-06-06
    • Raised 19 mo later, in step with the ~14 mo sector norm.
    • Round 5.6× smaller than the prior — bridge or down round.
    • 17 investors on this round.
  3. Series B$1.3M2012-01-10
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round 5.0× smaller than the prior — bridge or down round.
    • 11 investors on this round.
  4. Series B$350K2013-12-18
    • Raised again after 23 mo — slower than the ~14 mo sector norm.
    • Round 3.6× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 8 investors on this round.
  5. Series B$2.0M2019-01-03
    • Raised again after 61 mo — slower than the ~14 mo sector norm.
    • Round 5.8× larger than the prior — scaling up.
    • 6 investors on this round.
Intelligence
2021 ~Q2
Modeled next raise · ~28mo cadence
$6.1M
Modeled next size est.range $3.9M$9.7M
5.8×
Last step-up
$4.9M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Dennis Langer8 other2012-01
Peter Bisgaard8 other2011-06
Terry Gould5 other2011-06
Jeff Himawan3 other2011-06
RICHARD K WHITNEY2 other2009-10
Llew Keltner1 other2019-01
Thomas Lavin1 other2019-01
Akbar P. Seddigh2011-06
Akbar Seddigh2012-01
CRAIG P WATJEN2009-10
DAVID P HOLVECK2009-10
Dennis P. Langer2011-06
Edward Avedisian2019-01
Frank E. Young2011-06
FRANK E YOUNG, M.D., PH.D.2009-10
JAMES C CHEN2009-10
JEFF C HIMAWAN, PH.D.2009-10
LISA C KOCH-HULLE2009-10
Lisa I. Koch-Hulle2011-06
LLEW KELTNER, M.D. PH.D.2009-10
Martin Olin2012-01
MARTIN P OLIN2009-10
Mitchell P. Hymowitz2011-06
Mortimer Sackler2019-01
Registry & provenance

Light Sciences Oncology Inc is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1342272
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Otonomy, Inc.BiotechnologySeries B$44.8M$961.1Mnetwork1 shared operator · same sector · same stage
Incline Therapeutics, Inc.BiotechnologySeries B$43.9M$853.3Mnetwork1 shared operator · same sector · same stage
Atox Bio Inc.BiotechnologySeries B$35.1M$1.3Bnetwork1 shared operator · same sector · same stage
OncXerna Therapeutics, Ltd.BiotechnologySeries B$30.0M$590.7Mnetwork1 shared operator · same sector · same stage
Addition Therapeutics, Inc.BiotechnologySeries B$28.0M$107.3Mnetwork1 shared operator · same sector · same stage
WindMIL Therapeutics, Inc.BiotechnologySeries B$44.9M$72.4Msame sector · same stage
Brain Tunnelgenix Technologies CorpBiotechnologySeries B$46.0M$86.4Msame sector · same stage
Bright Uro, Inc.BiotechnologySeries B$46.0M$70.5Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Light Bio, Inc.Biotech / PharmaSeed$82.3M88%
Spotlight Therapeutics, Inc.BiotechnologySeries B$687.7M86%
MapLight Therapeutics, Inc.BiotechnologySeries D+$1.5B85%
First Light Biosciences Inc.BiotechnologySeed$133.2M84%
Lantern Pharma Inc.BiotechnologySeed$105.9M84%
ONL Therapeutics, Inc.BiotechnologySeries C$495.5M83%
Moonlight Therapeutics Inc.BiotechnologySeed$11.2M83%
Photomedics Inc.BiotechnologySeed$42.5M82%
Frequently asked
How much funding has Light Sciences Oncology Inc raised?
Light Sciences Oncology Inc has raised approximately $45.0M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Light Sciences Oncology Inc's estimated valuation?
Provath's modeled valuation for Light Sciences Oncology Inc is approximately $80.4M (modeled range $4.0M–$309.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Light Sciences Oncology Inc at?
Light Sciences Oncology Inc's latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Jan 03.
What does Light Sciences Oncology Inc do and where is it based?
Light Sciences Oncology Inc operates in the Biotechnology sector, based in BELLEVUE.
Explore related

See where Light Sciences Oncology Inc sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Light Sciences Oncology Inc, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.